Filtered by category: Retirement Clear Filter

Supporting Employees Considering Retirement

Retirement is a significant milestone in life, and for many people, it can be an overwhelming experience. After years of working full-time, people's identity becomes closely tied to their careers. They are often unsure of what to do next, which can cause them to put off retirement despite having the financial means to retire.

That's why companies are beginning to expand their talent strategies to include life planning support for employees who are approaching retirement.

Read More

Retirement Planning Tips for Women in 2023

Women often face special challenges when planning for retirement. For example, if they are the primary caregivers in their families, their careers may be interrupted to care for children or elderly parents, which means they may spend less time in the workforce and earn less money than men in the same age group. And even if they remain in the workforce, women still tend to earn less than men, on average. As a result, their retirement plan balances, Social Security benefits, and pension benefits are often lower.

High inflation rates have led many women to lose confidence in their retirement trajectory, with 62% of women planning to retire later than they had planned1. These added challenges are taking a toll on many women's financial confidence.

To help yourself or the women in your workforce manage these financial challenges, consider the following.

SECURE Act 2.0 has improved the retirement savings landscape for women

In December of 2022, the SECURE Act 2.0 was signed into law. The Act contains many provisions, some of which are especially important to women’s retirement savings.

Read More